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Rejoice, Dawson's Creek fans: Katie Holmes is returning to the small screen. She's been cast as a series regular for an upcoming ABC drama pilot, Deadline reports. The untitled project "revolves around the love and rivalry between two equally matched, powerful socialites ... who play out their obsessive attraction and seduction of each other through their manipulation of others," Dangerous Liaisons-style. It's set in New York, and Holmes will play "a woman of education and breeding" who runs a philanthropic foundation with her husband.

Two other main characters, Philip Fitzgerald Julien (played by Rufus Sewell) and wife Margot Worth Cole, make a bet to destroy the seemingly perfect marriage enjoyed by Holmes' character, Ann, Entertainment Weekly reports; this leads Ann and Philip to begin a rivalry. Reports of the plot are a bit unclear; Gossip Cop says it's Ann and Philip who are married, and that their marriage is destroyed by a "secretive bet" Philip makes, forcing Ann to "fight back and play the game." But the Hollywood Reporter agrees Philip and Margot are a couple, while Ann can't get her husband to settle down in one place so they can raise a family. The series is written by Richard LaGravenese, who also penned Behind the Candelabra. (Read more Katie Holmes stories.)